Item 1.01. Entry into Material Definitive Agreement.

Effective as of December 13, 2021, Telkonet, Inc. (the "Company" and "Borrower") entered into a Thirteenth Amendment to the Loan and Security Agreement (the "Amendment") with Heritage Bank of Commerce, a California state chartered bank (the "Bank"). The Company and the Bank are parties to a certain Loan and Security Agreement (the "Loan Agreement") dated as of September 30, 2014 referenced in a Current Report on Form 8-K filed with the Securities and Exchange Commission on October 2, 2014.

The Amendment reduces the credit extension amount to $1,000,000, reduces unrestricted cash maintained in Borrower's accounts at Bank to be at least $1,000,000 and extends the revolving maturity date to March 31, 2022, unless earlier accelerated under the terms of the Loan Agreement.

The foregoing description of the Amendment is not complete and is in all respects subject to the actual provisions of the Amendment, a copy of which has been filed as Exhibit 10.1 to this Current Report on Form 8-K and which is incorporated by reference herein.

Item 9.01 Financial Statements and Exhibit.






Exhibit No.  Description

10.1           Thirteenth Amendment to Loan and Security Agreement entered into
             as of December 13, 2021, by and among Telkonet, Inc. and Heritage
             Bank of Commerce.
104          Cover Page Interactive Data File (embedded within the Inline XBRL
             document).


























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